ABG Sundal Collier (“ABGSC”) acts as financial advisor to the Norwegian Ministry of Trade, Industry and Fisheries (“NFD”) in connection with the proposed demerger of Kongsberg Maritime (“KM”) from Kongsberg Gruppen ASA (“KOG”) and the combination of Kongsberg Defence & Aerospace (“KDA”) and Kongsberg Discovery (“KD”) into a focused technology and defence company.
KOG, founded in 1814, has evolved from its origins as a Norwegian industrial enterprise into a global technology leader. Over time, its business areas have developed into strong and increasingly independent businesses. The Board of KOG has proposed a demerger of KM, while KDA and KD will be combined under the existing listed entity KOG. The separation carries strong strategic merits by creating two independent companies, each with sharper strategic focus, stronger execution power, improved ability to navigate market specified challenges and opportunities, and with enhanced competitiveness.
NFD is the largest shareholder in Kongsberg Gruppen ASA with 50% ownership of the Company, and has expressed its preliminary support for the Board’s proposal.
